Bankruptcysection 49 of the Bankruptcy and Insolvency Act
File
31-3079005
Filings held10
Last activity2 Oct 2024
On the record787 days
OverviewSummary updated
Metamaterial Inc. and Metamaterial Technologies Canada Inc. have been in insolvency proceedings in Ontario since July 26, 2024, and the matter remains active. A Statement of Affairs for Metamaterial Inc., prepared as at July 11, 2024, puts total assets at $1.00 against total liabilities of $164,656.10, leaving a deficiency of $164,655.10 and no surplus. The estimates record no secured creditors, no preferred creditors and no contingent or other liabilities. The liabilities are unsecured claims: $164,406.10 owing to Rank Incorporated and $250.00 owing to the Canada Revenue Agency.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
As at 11 Jul 2024 · per as stated and estimated by the officer (Statement of Affairs, Form 78) · entity - Metamaterial Inc. — Secured creditors list "B" total is 0.00; preferred creditors list "C" total is 0.00; contingent/other liabilities list "D" total is 0.00; deficiency of 164,655.10 reported (surplus: NIL).
Financial positionAssets $12.2M · per Statement of Affairs (Form 78) - 'Estimated to produce' values for the debtor's property · entity - Metamaterial Technologies Canada Inc. — Liabilities are stated only by component list, not as a single total: List A Unsecured Creditors total $67,324,427.37; List B Secured Creditors total (amount of claim) $710,000.00 with estimated surplus from security $0.00; List C Preferred Creditors total $0.00; List D Contingent or Other Liabilities total $0.00.
Financial positionAssets $1 · Liabilities $165K · as at 11 Jul 2024 · per as stated and estimated by the officer (Statement of Affairs, Form 78) · entity - Metamaterial Inc. — Secured creditors list "B" total is 0.00; preferred creditors list "C" total is 0.00; contingent/other liabilities list "D" total is 0.00; deficiency of 164,655.10 reported (surplus: NIL).
Secured creditors
Unsecured creditors$250 · Page: 3 · As of: 2024-07-11 · Basis: Statement of Affairs, List "A" Unsecured Creditors, as reported · Debtor: Metamaterial Inc. · Creditor: CRA
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Metamaterial Inc. and Metamaterial Technologies Canada Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/metamaterial-inc-and-metamaterial-technologies-canada-inc
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/metamaterial-inc-and-metamaterial-technologies-canada-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.